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I pulled data from the [[US Startup City Ranking]] project, which also provides state rankings, and draws data from [[VCDB20]] to make some graphs showing Vermont's VC over time. Vermont's VC is so small that it is dwarfed by year-to-year national variation. So, as much as we might want Vermont to be something, it is currently very much a rounding error. It's Its state rank has mostly oscillated between 35 and 40 . Its current contemporary states include Alabama, Louisianna, Montana, and the Idaho, none of which can be considered successful for their entrepreneurship. Its five-year moving average rank suggests that its Vermont's most recent peak was 10 years ago.